Main
CPALL reports drop in profit by 40 per cent as customers declined during lockdown months
CP ALL PCL (PCL) announced its second-quarter financial report through the Stock Exchange of Thailand (SET), stating that the sale and service revenue was impacted by the government’s measures to contain the COVID-19 pandemic.Kriengchai Boonpoapichart, the CPALL chief financial...
Main
Cabinet’s approval only a “baby step” forward for medical marijuana but momentum is gaining
The cabinet's approval for patients and community doctors to produce medical marijuana is a good start but it could be years before the law is enacted, experts said. However, the move has reignited attention and demands are expected to increase...
Main
7.5 per cent surge on MAKRO shares due to strong second-quarter results
Siam Makro PCL (MAKRO) shares rose up by 7.45 per cent to 43.25 baht per share on Tuesday morning trade (11:00 a.m.), increasing by 3.25 baht from 40.50 baht.The rise reportedly came as a result of the company's...
Main
PTT net profit declines by 54 per cent while recovery in third quarter still challenging
PTT PCL, the largest oil and gas company in Thailand, has encountered a drop in demand for both petroleum and petrochemical products, leading to a slump in their earnings amid the COVID-19 pandemic in the second quarter.PTT and its...
Main
Origin Property thriving on online presales in spite of property market downturn
Origin Property PCL (ORI) has reportedly sold all of its units on the new condominium project, The Origin Onnut, via an online platform despite the property market being heavily impacted by the COVID-19 outbreak. Local media reported that the company’s...
Main
Carabao Group’s shares rise sharply by 7 per cent as quarterly report exceeds market expectation
Carabao Group PCL (CBG), Thailand's second-largest energy drink company, shares rose sharply at the opening on Monday by as much as 7 per cent after the company reported results that exceeded market expectations.Despite the contraction caused by COVID-19, CBG...
Main
Digital lending could take off in Thailand with the right moves
Thailand’s digital lending platforms are still in its infancy but this could take off if the right moves are undertaken such as the use of data mining in order to increase the customer base.Digital lending has recently become the...
Current Affairs
More lockdown easing measures to come including reopening on-site schools
Fully reopening on-site public and private schools, horse racing tracks and sports stadiums with live audiences will be considered by the Center for COVID-19 Situation Administration (CCSA)’s subcommittee next week, its subcommittee said on Friday. Most businesses can now reopen...
Market Watch
ILM net profit plunges 91 per cent due to store closure in the second quarter
Index Living Mall Public Company Limited (ILM), Thailand’s leading integrated retailer of furniture and home furnishing products, announced its financial statement report for the first half of 2020.Kridchanok Patamasatayasonthi, the managing director of ILM, disclosed that the company generated...
Market Watch
Consumer confidence increased for third month in a row, the UTCC said
Consumer confidence continues to recover for the third month in a row in July, the University of the Thai Chamber of Commerce (UTCC) said on Friday. Thanavath Phonvichai, the UTCC’s president, said the consumer confidence index has increased from 49.2...
